Wilmington Savings Fund Society FSB Sells 3,896 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Wilmington Savings Fund Society FSB lessened its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 5.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,888 shares of the semiconductor manufacturer’s stock after selling 3,896 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Skyworks Solutions were worth $5,488,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SWKS. Erste Asset Management GmbH bought a new position in shares of Skyworks Solutions in the 3rd quarter valued at about $27,000. Golden State Wealth Management LLC bought a new position in shares of Skyworks Solutions in the 4th quarter valued at about $28,000. Investors Research Corp increased its stake in shares of Skyworks Solutions by 167.7% during the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock worth $34,000 after purchasing an additional 213 shares during the last quarter. Valley Wealth Managers Inc. bought a new stake in shares of Skyworks Solutions in the 3rd quarter valued at about $40,000. Finally, Quest Partners LLC acquired a new stake in Skyworks Solutions in the 3rd quarter valued at about $41,000. Institutional investors own 85.43% of the company’s stock.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, SVP Robert John Terry sold 10,522 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $88.01, for a total transaction of $926,041.22. Following the completion of the sale, the senior vice president now directly owns 15,960 shares in the company, valued at approximately $1,404,639.60. This trade represents a 39.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.34% of the stock is currently owned by company insiders.

Skyworks Solutions Stock Performance

Skyworks Solutions stock opened at $65.69 on Friday. The business has a 50 day moving average of $88.93 and a 200-day moving average of $94.99. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.24. Skyworks Solutions, Inc. has a 1 year low of $62.01 and a 1 year high of $120.86. The company has a market capitalization of $10.56 billion, a P/E ratio of 20.15, a P/E/G ratio of 1.45 and a beta of 1.14.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. On average, equities research analysts predict that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date is Monday, February 24th. Skyworks Solutions’s dividend payout ratio is currently 85.89%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus cut Skyworks Solutions from a “buy” rating to a “hold” rating and dropped their price target for the company from $105.00 to $62.00 in a research note on Thursday. Morgan Stanley lowered their target price on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Thursday. B. Riley lowered Skyworks Solutions from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $110.00 to $65.00 in a report on Thursday. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a research report on Thursday. Finally, Piper Sandler dropped their price objective on shares of Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday. Three research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $83.78.

About Skyworks Solutions

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.